Buy Crypto
Pay with
USD
USD
Buy & Sell
Hot
Supports Visa, Mastercard, SEPA & more
P2P
0 Fees
Flexible trading, zero fees
Gate Card
Use your crypto for payments worldwide
Markets
Trade
Basic
Advanced
Futures
Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Stocks
CFD
Stock CFD Derivatives
US Stocks
Access real US stocks and ETFs
HK Stocks
Trade quality Hong Kong-listed stocks
Korean Stocks
SK Hynix
Real Korean stocks and top assets
Stock Futures
High leverage, 24/7 trading
Tokenized Stocks
Backed by real stock assets
IPO Access
Unlock full access to global stock IPOs
GUSD
3.8%
Mint GUSD for Treasury RWA yields
Stocks Activities
Trade Popular Stocks and Unlock Generous Airdrops
Earn
Launch
CandyDrop
tag
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
IPO Access
tag
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Investment
Square
Square
Post, share, and explore crypto trends
Live
moments live
Live crypto market analysis
Chat
Chat with crypto traders
News
What is happening in crypto
flower_head
More
Promotions
AI
Others
TradFi（新）
JMKE IPO
Rewards

SC Crude Oil Falls Over 7%, LU Drops Over 6% on July 27 Amid Red Sea Supply Concerns

GateNews
Commodities

According to Guangda Futures, SC crude oil fell over 7% in early morning trading on July 27, while low-sulfur fuel oil (LU) and fuel oil declined over 6%. The declines came as escalating U.S.-Iran conflict and intensifying Red Sea tensions restrict Middle East energy exports, constraining crude supply to international markets.

Oil prices have rallied nearly 40% over the past three weeks from recent lows, with prices approaching the $100 per barrel level. The upward momentum reflects supply risks from geopolitical disruptions in the region.

View Source
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

Related News

1h ago
PX Prices Expected to Fall as Middle East Tensions Ease, Oil Down on July 27
07-25 20:06
Nasdaq Falls 2.1%, Brent Crude Surges to $100 Amid Iran Tensions
07-25 03:13
Oil Could Surge to $160 per Barrel if U.S.-Iran Tensions Escalate, Kyobo Securities Warns
07-25 00:37
Crude Oil Inverse Products Post 83% Loss as Oil Rises on July 24 Amid US-Iran Tensions
07-24 14:28
SC Crude Oil Main Contract Falls 3.02% to 574.9 Yuan/Barrel Intraday
In-Depth Analysis

Brent Crude Nears $100 as Iran and Houthi Rebels Threaten Dual Oil Route Blockade

Lucas Bennett4h ago

Korean Oil ETNs Surge 69% as Middle East Tensions Drive WTI Crude Higher

Lucas Bennett4h ago

South Korea Fuel Prices Show Rebound Signs Amid US-Iran Tensions

Lucas Bennett07-25 21:46
Comment
0/400
No comments